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Following the subsidy removal which has brought about an increase in the pump price of Premium Motor Spirit, the Nigeria Labour Congress has commenced an emergency National Executive Council meeting in Abuja.
The meeting which started a few minutes past 12 noon has in attendance executive members of the affiliate unions of the congress.
The NLC is expected to inform the public of its final decision following the meeting with the representatives of the Federal Government which ended in deadlock.
TheNewsGuru.com, (TNG) recalls that President Bola Tinubu, while delivering his inaugural speech on Monday, May 29, 2023, stated that “subsidy is gone”.
The President’s declaration on Monday led to increase in panic buying with some filling stations across the country changing the pump price of the Premium Motor Spirit to as high as N550 per litre.
On Wednesday, the Nigerian National Petroleum Company Limited adjusted the fuel price with states having different templates.
The organised labour comprising Trade Union Congress and the Nigeria Labour Congress described the move by Tinubu and the NNPCL as a “joke taken too far”.
Even as President Tinubu said on Monday that the subsidy on fuel, when removed, will be channelled into the development of other key sectors.
The outcome of today’s NEC meeting will go a long way in determining whether the threat by organized labour to embark on a nationwide industrial action would be cemented.
The Maritime union on Thursday gave a notice that it would down tools by next week Monday.